Biofuels Investment Trust Fund Proposed

Sen. Ben Nelson (D-NE) introduced legislation to establish the Biofuels Investment Trust Fund, which would invest revenue generated by the ethanol import tariffs into renewable fuels research and development.

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Sen. Ben Nelson (D-NE) introduced legislation to establish the Biofuels Investment Trust Fund, which would invest revenue generated by the ethanol import tariffs into renewable fuels research and development. Nelson says, "There's no better way to decrease the need to import ethanol than by increasing domestic supply through research. The U.S. must continue to push ahead with research and development of biofuels, and cellulosic ethanol represents the next generation of this important alternative, renewable fuel."-- P. Scott Shearer, Washington, D.C., correspondent